According to Business Wire,
In April 2018 the UAE government introduced Emirates Blockchain Strategy 2021. The adoption of blockchain is expected to generate AED11bn (US$ 3bn.) in savings associated with transactions processing. PayDubai is a top Fintech brand ready to be developed into a paytech project or banking application to be deployed in the UAE or MENA region.
》 Reference: https://www.businesswire.com/news/home/20190222005410/en/Payments-Landscape-UAE-Opportunities-Risks-2022–